⭐ Start off 2025 with a powerful boost to your portfolio: January’s freshest AI-picked stocksUnlock stocks

CANADA STOCKS-TSX higher as energy sector lifted by rising oil prices

Published 2018-07-10, 10:17 a/m
© Reuters.  CANADA STOCKS-TSX higher as energy sector lifted by rising oil prices
LCO
-
CL
-
GSPTSE
-
ATDb
-
BBDb
-
FCR_u
-
PD
-
LWRK
-
GSPTTCS
-
GSPTTIN
-
SPTTFS
-
SPTTEN
-
HZM
-

July 10 (Reuters) - Canada's main stock index rose on Tuesday, boosted by the energy group, which gained on the back of rising oil prices.

* At 9:34 a.m. ET (13:34 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 42.73 points, or 0.26 percent, at 16,495.07.

* Seven of the index's 11 major sectors were higher. The energy sector .SPTTEN climbed 0.9 percent, while the consumer staples sector .GSPTTCS gained about 2 percent.

* The energy sector rose as oil prices increased by more than 1 percent, moving towards $79 per barrel due to growing supply outages, with Norway shutting one oilfield as hundreds of workers began a strike and Libya saying its production more than halved in recent months. O/R

* U.S. crude CLc1 prices were up 0.8 percent, while Brent crude LCOc1 added 1.6 percent.

* Consumer staples were boosted by shares of Alimentation Couche-Tard Inc ATDb.TO , which rose 8.5 percent after beating analysts' quarterly profit estimate on Monday. Economic data showed the value of Canadian building permits rose in May, reversing a decline in the prior month, as strong intentions to build houses outweighed weakness in the non-residential sector. Another piece of data showed Canadian housing starts surged in June, as groundbreaking on multiple unit urban homes jumped 46.4 percent, offsetting a small decline in single detached urban starts. The financial sector .SPTTFS gained 0.2 percent and industrial sector .GSPTTIN rose 0.2 percent.

* The Canadian dollar weakened against its U.S. counterpart as the greenback climbed broadly, while investors braced for a potential Bank of Canada interest rate hike on Wednesday. On the TSX, 140 issues were higher, while 89 issues declined for a 1.57-to-1 ratio favouring gainers, with 7.42 million shares traded.

* Top percentage gainers on the TSX were shares of Alimentation Couche-Tard, which jumped 8.5 percent and Precision Drilling PD.TO , which rose 4 percent.

* First Capital FCR.TO fell 3.7 percent, the most on the TSX, followed by Morneau Shepell's MSI.TO 3.2 percent decline.

* The most heavily traded shares by volume were Bombardier BBDb.TO , Horizonte Minerals HZM.TO , and Mav Beauty Brands MAV.TO .

* The TSX posted nine new 52-week highs and one new low.

* Across all Canadian issues there were 23 new 52-week highs and seven new lows, with total volume of 13.08 million shares.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.